Car makers gear as much as push gross sales

Vijay C Roy

Tribune News Service

Chandigarh, July 9

Amid stoop in auto gross sales, automotive makers are wooing prospects with enticing choices reminiscent of zero-down cost, 100% on-road finance and EMI vacation to push gross sales.

Tata Motors has launched a scheme underneath which prospects can purchase a automotive with zero down cost, avail six-month EMI vacation (solely curiosity must be serviced month-to-month) and entry as much as 100% on-road finance for 5 years. Similarly, Maruti has tied up with Axis Bank to supply 100% on-road finance for as much as eight years.

Shashank Srivastava, Executive Director, Maruti Suzuki India, stated, “Concerns over safety and maintaining social distancing have increased the demand for a personal vehicle. We are confident this tie-up will offer a convenient, affordable and cost-effective finance solution to our customers.”

Earlier, Maruti had partnered with ICICI Bank, HDFC Bank, IndusInd Bank, Karur Vysya Bank and Mahindra Finance for finance choices.

Honda Cars India has additionally partnered with HDFC Bank and Kotak Mahindra Prime for finance choices.

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